Risk Reward Ratio Indicator

This is the forex visual orders tool & forex position size (lot) calculator with intuitive panel.

If you want to place orders easier, faster and more intuitive?

If you like to mark trade entry and exit points on charts?

If you need to control the risk of each forex transaction?

If you want to save your time for manual calculations of position size, risk to reward ratio, amount of loss and profit in account currency?

This tool is suitable for you!

Forex Risk Reward Ratio Indicator for MetaTrader platform makes your trading easy and professional. It performs all necessary calcualtions for you and allow to control your trades. Thanks to this you can make decisions about trades faster and more consciously. This indicator save your time. Trade like a pro with the best fx tools.

Using risk/reward ratio in trading

Using the Risk Reward Ratio for the MetaTrader platform, you will be able to estimate the risk of each transaction opened on the forex market. Thanks to this forex tool, you can check the risk to reward ratio of each planned trade and exactly check the size of your potential profit and possible loss in the account currency.

Forex Lot Size Calculator

You can also use this indicator as a forex lot size calculator. In the indicator's parameters, set the maximum percentage of capital that you can lose on a single transaction. Then, move stop loss line on the chart to set trade exit level on the loss and indicator will automatically calculate the lot size. Thanks to this indicator you will never have to manually calculate lot size saving a lot of time. Using the Risk Reward Ratio Indicator, you will be aware of risks of forex trading and placing orders will be quick and easy.

How to use Risk Reward Ratio Indicator

Step 1: Draw lines

click the draw button (with pencil) and then click on the chart where you want to place the „Open” line.

Step 2: Move lines

double click on lines and move them to specified levels where you planned to open order and set stop loss and take profit.

Step 3: Adjust lot size

set lot size in panel and read what is your stop loss and take profit value in account currency

if FixedRisk = true, then the indicator will calculate the lot size automatically depending on the selected risk (the AllowedRiskPercent parameter) and stop loss distance.

Step 4: Place order

run RRR_SendPendingOrder or RRR_SendOrder script to place/open order (all scripts are available to download in "Comments" tab).

AcceptableRiskColor– font color of risk % if it is smaller or equal than acceptable risk (set by AllowedRiskPercent param)

UnacceptableRiskColor– font color of risk% if it is greater than than acceptable risk (set by AllowedRiskPercent param)

Risk Font Size- font size of risk text

Prefix & Suffix- sometimes indicator must read price of other symbol to properly calculate current pair or CFD profit and loss in currency. In some cases, pairs have additional prefix and/or suffix, e.g. “EURUSD.Pro”. In this case you should write “. Pro” into suffix field.

Autodetect- turn on/off prefix & suffix autodetection

LineStyle– select line style from list (solid, dash, dot, etc.)

LineColor– line color

TextColor– label text color

HorizontalAlign– panel can be horizontally aligned to left/right border or center.

YDistance– distance in px from top.

Font Color– panel text color

Font Size- panel font size

CFDCurrency– symbol of quotation currency for CFD symbols needs to proper computations of profit and loss in currency

Video

Great support. Prompt and to the point. As for the indicator itself. Sure you can a use an android lot calculation app running on emulator on pc, but how labor intesive is that! "Ain't nobody got time for that!"

This indi takes all that hassle away and for me as an intraday trader getting this Risk Reward calculator was a no brainer.

Great Indicator. Makes risk calculating and sl/tp relation very easy and fast. I especially like that it is an indicator and not an EA. Support is very friendly if you have any questions. Highly recommended!

Ive been using this tool for 7 months now and I CANNOT trade without this thing. Amazing indicator to have! This is mandatory if you ask me. My RR was terrible trying to calculate proper position sizing and RR based on my stop loss. To have a tool that does it for me is a game changer. Good stuff Janusz!! A+++++++

I really like this tool and use it for many of my trades. It should have been built-in into Metatrader, since keeping an eye on your risk/reward ratio is so important. But gladly, this low-priced indicator (along with scripts to place the trades) is here to help out. Great work.

Powerful and simple to use, it really helps you by calculating the lot size automatically as a % of your equity or balance, using lines that you can easily move with your mouse. Makes it a lot faster to place your trades while managing your risk without the need of calculating anything, a great tool that will help you focus on trading and price action rather than doing math. Highly recommended.

This indicator is quite useful and worth the price. The indicator saves risk reward calculation time and script saves order opening time. I wish I found it years ago. Moreover seller replied my question promptly. Thanks Janusz.

Incredibly useful tool/indicator for seeing on chart monetary risk in terms of percentage and also values at modelled stop loss and take profit levels. One time purchase is also better value than other 'subscription' based RR indicators. Works on all currency pairs and instruments available in MT4/5. Great time saver and highly recommended. The developer went over and beyond in reconfiguring the executable to be able to work on my particular Mac based virtual machine version of MT4. Exceptional.

Very happy with the indicator. It does the job of what is says and does it rather efficiently. I have requested a feature for the ability to add comments automatically when sending market or pending orders. Developer is looking into it. No regrets on this purchase.

Great tool I'd advise anyone looking to better their trading to buy. I Have only used it for a brief time but already I can see it being massively beneficial to improving the trades I take, and mitigating high risk trades. Something I have already learnt from this tool is the fact that although a trade with high reward may seem better on the surface, it is a lot better to take a trade with low risk, and add to the lot size. 10/10

After I have been using your product from my demo account, congratulation for such a wonderful product, you did a wonderful job. It help us to stay focus and more importantly, we know exactly how much we are risking and how much we are looking to get out of it. I am sure, if your product was not good, you would have received a number of criticism for it, but because it is not a deceiving product, you ought to be congratulated for it. Again, even I had paid for your product, I don't think that I can thanks you enough for this wonderful product, keep it up, thanks.

Great tool, has everything I need. Especially being able to use money based risk is very useful to me. You can quickly set TP SL and enter trades with the scripts. Have not seen anything that offers it this compact!

I have been using this tool for the last couple of weeks and I had to leave a review. It does exactly what it says on the tin and is an extremely useful tool for quickly calculating your positions based on your risk. In addition to it being a great tool, the support is also excellent based on the one time I needed to contact the developer. Thumbs up from me!

An extremely useful tool for quickly calculating risk reward ratios and the appropriate lot size risked as a percentage of your account. Before I was manually trying to calculate the lot size to keep my trades at 1.5% of my account. Now this calculates it for me instantly. Highly recommended!

Rating:

Version 4.6
2019.03.19

- changed rounding number rule in lot calculation. Now lots are always rounding down to not exceed allowed risk.